The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 24.200000000 will persist.
Caution: A possible reversal of the trend in the direction of support at 22.530000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 24.53 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 24.200000000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.530000000 |
| 2nd High | 26.100000000 |
| Next High | 24.200000000 |
| Current Price | 23.820000000 |
| Next Low | 22.530000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.870000000 |
24.200000000 – 26.100000000 – 26.090000000 – 22.530000000 – 23.150000000 – 24.710000000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – –